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  • bitmain-stops-shipment-of-antminer-crypto-mining-rigs-into-china



    Bitmain stops shipment of Antminer crypto mining rigs into China

    Bitmain plans to identify green energy mining opportunities from power generation projects in Chinese provinces. Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed… More

  • tehran-stock-exchange-ceo-resigns-following-discovery-of-bitcoin-miners-in-basement
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    Tehran Stock Exchange CEO resigns following discovery of Bitcoin miners in basement

    Iranian authorities have conducted many raids on crypto miners in abandoned factories, homes, and small businesses — nothing quite as high profile as the country’s largest stock exchange. Ali Sahraee, the chief executive officer of the Tehran Stock Exchange since 2018, has reportedly resigned after the discovery of cryptocurrency mining rigs in the building.According to… More

  • another-ethereum-mining-pool-forced-to-close-due-to-china-crackdown
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    Another Ethereum mining pool forced to close due to China crackdown

    BeePool, the fourth-largest Ethereum mining pool will shut down operations following Beijing’s anti-crypto posture. BeePool, the fourth-largest Ether (ETH) mining pool, is closing amid China’s crypto crackdown.The China-based Ether mining pool announced on Tuesday it would suspend operations “in response to the latest regulatory policies.”Effective immediately, the registration of new users and the addition of… More

  • chinese-regulators-unite-forces-to-crack-down-on-crypto
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    Chinese regulators unite forces to crack down on crypto

    The Chinese central bank is setting up a “coordination mechanism” with state agencies to continue battling crypto. The Chinese government is getting more serious about cracking down on the cryptocurrency industry as state authorities are bringing forces to combat crypto operations in the country.The People’s Bank of China (PBoC) officially announced on Friday a set of… More

  • government-employee-accused-of-mining-crypto-at-public’s-expense

    Government employee accused of mining crypto at public’s expense

    The New York county clerk office employee allegedly used over 40 devices to mine crypto unlawfully. An information technology operations supervisor at the Suffolk County clerk’s office in New York, Christopher Naples allegedly harnessed his position to place crypto mining equipment in various spots at the Riverhead Center in the New York county in which… More

  • russian-duma-wants-to-regulate-crypto-mining-as-business
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    Russian Duma wants to regulate crypto mining as business

    Russia is moving to regulate cryptocurrency mining after legitimizing the broader crypto industry in January. As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry.Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering… More

  • kaspersky-ranks-cryptojackers-among-top-malware-threats-in-africa

    Kaspersky ranks cryptojackers among top malware threats in Africa

    Some of the most common methods of duping crypto investors include false advertisements claiming to sell mining equipment and fake websites posing as crypto exchanges. Russian cybersecurity firm Kaspersky has detected more than 1,500 fraudulent entities targeting potential crypto investors and miners just in the first half of 2021. Kaspersky’s research shows that 0.60% of… More

  • china-mining-shock-may-not-be-over-yet,-experts-suggest

    China mining shock may not be over yet, experts suggest

    Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window. Earlier this year, the Chinese government took the momentous step to ban any crypto mining operations based within its borders, causing a massive exodus of hashing power — 168 exa hashes per second (EH/s)… More

  • belarus-president-lukashenko-calls-on-state-to-mine-cryptocurrency

    Belarus president Lukashenko calls on state to mine cryptocurrency

    Belarus has lots of abandoned industrial sites that could be used to generate revenue through cryptocurrency mining, the Belarusian president said. Belarusian President Alexander Lukashenko has called on the government to mine cryptocurrency use spare power infrastructure.Lukashenko spoke at the opening of the Petrikovsky mining and processing plant on Aug. 27, urging workers to move… More

  • riot-blockchain-reports-1,540%-increase-in-quarterly-revenue-from-bitcoin-mining

    Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining

    Riot Blockchain netted $19.3 million in income for Q2 following its acquisition of Texas mining facility, Whinstone. Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from… More

  • iran’s-tax-authority-wants-to-legalize-crypto-exchanges
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    Iran’s tax authority wants to legalize crypto exchanges

    The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly. The Iranian National Tax Administration (INTA) is pushing to establish a legal framework for the taxation of crypto trading platforms operating in the country, according to a new proposal by the country’s tax authority.Two… More

  • bitcoin-mining-difficulty-drops-for-fourth-time-in-a-row

    Bitcoin mining difficulty drops for fourth time in a row

    Bitcoin mining difficulty has posted another negative adjustment on Sunday, with the difficulty rate almost halving since mid-May. Amid the ongoing crackdown on cryptocurrency mining in China, mining new Bitcoin (BTC) continues getting easier as BTC has experienced another mining difficulty drop.On July 18, the Bitcoin network posted its fourth consecutive negative adjustment of mining… More

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